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Clock ticking on year-end tax incentives and planning

The clock is ticking on a number of year-end tax incentives and breaks. Before companies start singing “Auld Lang Syne,” experts say they better have taken advantage of ways to reduce their tax liability through incentives and asset assessments if they want the new year to be a happy one.

“It’s not too late, but businesses need to be working now on taking advantage of tax incentives that are set to expire Dec. 31,” said David Stevens, CPA, director with HORNE CPAs & Business Advisors.

Stevens added that businesses also need to conduct a year-end review to ensure that they are not carrying an …

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